BEIJING :China's state planner said on Thursday it had approved 10 fixed-asset investment projects worth 121 billion yuan in May, a more than six-fold jump from April, as policymakers seek to get economic growth back on track after a COVID-induced slump.
The NDRC also will give local governments more leeway in the use of funds they raise through special bonds, she said. The country will act decisively in ramping up support for economy and roll out more policy steps but will refrain from issuing excessive money, the cabinet was quoted as saying.